scholarly journals The Advent of Neoliberal Capitalism Over The 20th Century

2021 ◽  
Vol 11 (3) ◽  
Author(s):  
Vridhi Sharma
Keyword(s):  
Comparative Analysis ◽  
20Th Century ◽  
Economic Activity ◽  
18Th Century ◽  
Free Market ◽  
Classical Liberalism ◽  
Global Context ◽  
Neoliberal Capitalism ◽  
Free Market Capitalism ◽  
Market Capitalism

In this paper, I have attempted to trace the emergence of neoliberal capitalism as an economic system pertaining to the foundations of classical liberalism of the 18th century. The paper essentially draws a comparative analysis of the Keynesian theory of government intervention in economic activity as opposed to Hayek’s conceptualization of free-market capitalism, while tracing the advent, trajectory and scope of neoliberal capitalism in the global context.

scholarly journals Mustafa Akyol, Islam without Extremes: a Muslim Case for Liberty

ICR Journal ◽  
2013 ◽  
Vol 4 (3) ◽  
pp. 466-468
Author(s):  
Tengku Ahmad Hazri
Keyword(s):  
Free Market ◽  
Recent Book ◽  
Classical Liberalism ◽  
The West ◽  
Islamic Perspective ◽  
Free Market Capitalism ◽  
Market Capitalism ◽  
Higher Purpose ◽  
Crucial Part

Freedom is frequently a topic of controversy in discussions of Islam and the West. Mustafa Akyol’s recent book goes further than making the claim that freedom is indigenous to Islam, and it reads closer to an ideological manifesto in offering a spirited defence of liberalism and free market capitalism from an Islamic perspective: “[L]iberty is ... what everyone needs to find God.”  But freedom in Islam is morally assured, legally secured and theologically grounded and sanctified - and thus forms a crucial part of the entire worldview of Islam. It can be conceived as a higher purpose (maqsid) of the Shariah, and not merely a principle or a transient reality. An ideological reading of freedom, as we find in Akyol’s book, actually truncates that worldview, as it dislodges freedom from its Islamic theological-moral-spiritual sanctuary in favour of classical liberalism.  

The Legacy of Iraq

2015 ◽  
Keyword(s):  
Middle East ◽  
Liberal Democracy ◽  
Iraq War ◽  
Free Market ◽  
Political Elite ◽  
Islamic State ◽  
Sequence Of Events ◽  
The World ◽  
Free Market Capitalism ◽  
Market Capitalism

This book critically reflects on the failure of the 2003 intervention to turn Iraq into a liberal democracy, underpinned by free-market capitalism, its citizens free to live in peace and prosperity. The book argues that mistakes made by the coalition and the Iraqi political elite set a sequence of events in motion that have had devastating consequences for Iraq, the Middle East and for the rest of the world. Today, as the nation faces perhaps its greatest challenge in the wake of the devastating advance of the Islamic State of Iraq and Syria (ISIS) and another US-led coalition undertakes renewed military action in Iraq, understanding the complex and difficult legacies of the 2003 war could not be more urgent. Ignoring the legacies of the Iraq War and denying their connection to contemporary events could mean that vital lessons are ignored and the same mistakes made again.

scholarly journals Estonia’s Digital Transformation

2019 ◽  
pp. 143-160 ◽  
Author(s):  
Rainer Kattel ◽  
Ines Mergel
Keyword(s):  
Public Sector ◽  
Social Inequality ◽  
Free Market ◽  
Digital Transformation ◽  
Invisible Hand ◽  
Economic Success ◽  
Policy Makers ◽  
Free Market Capitalism ◽  
Distinct Features ◽  
Market Capitalism

Estonia’s transition to free-market capitalism and liberal democracy is marked by three distinct features: economic success, digital transformation of its public sector, and a rapid increase and persistence of social inequality in Estonia. Indeed, Estonia has become one of the most unequal societies in Europe. Economic success and increasing social inequality can be explained as different sides of the same coin: a neoliberal policy mix opened markets and allowed globalization to play out its drama on a domestic stage, creating winners and losers. Yet Estonia has been highly successful in its digital agenda. Particularly interesting is how the country’s public sector led the digital transformation within this highly neoliberal policy landscape. While within economic policy, Estonia did indeed follow the famed invisible hand in rapidly liberalizing markets, in ICT, Estonia seems to have followed an entirely different principle of policymaking. In this domain, policy has followed the principle of the hiding hand, coined by Albert Hirschman: policy-makers sometimes take on tasks they think they can solve without realizing all the challenges and risks involved— and this may result in unexpected learning and creativity. The success of Estonia’s e-government has much to do with the principle of the hiding hand: naïvety and optimism propelled initial ‘crazy ideas’ in the early 1990s to become ingrained in ICT policy, enabling the creation of multiple highly cooperative and overlapping networks that span public–private boundaries.

Encounter Three: Art and the Socialist State

2019 ◽  
pp. 55-68
Author(s):  
Jan Bryant
Keyword(s):  
Free Market ◽  
Socialist Realism ◽  
The Political ◽  
Political Climate ◽  
Avant Garde ◽  
Western Art ◽  
Socialist State ◽  
Political Views ◽  
Free Market Capitalism ◽  
Market Capitalism

This chapter traces the tactics used by the art Slovenian collective, Neue Slowenische Kunst (NSK), specifically the art section, Irwin and the music group, Laibach, to criticise the socialist state of Yugoslavia. The chapter offers a brief overview of the political climate at the time leading up to and during the Yugoslavian wars (1980s and ‘90s). Closely analysed is NSK’s use of ambiguity and parody to hold a mirror up to authoritarianism and Irwin’s appropriation of early Russian avant-garde motifs to criticise socialist-realism and the State’s ‘misuse’ of art. As protection against retaliation by the state, NSK never prescribed their intentions, so audiences and viewers needed to bring their own context and perspective to events. Once Slovenia left the Yugoslavian Federation to enter into free-market capitalism, NSKs tactics seemed far less potent, flowing neatly into a 1980s western art context (a moment in history) that embraced ambivalence and indeterminacy. As an approach that hides a work’s political intent, allowing its viewers to have their own political views affirmed, it is argued that such a tactic fails to shake the political aesthetic. [181]

Planetary Ambitions

2019 ◽  
pp. 67-84
Author(s):  
Joshua Armstrong
Keyword(s):  
Cognitive Mapping ◽  
Free Market ◽  
Ground Level ◽  
Global Capitalism ◽  
Hegemonic Discourse ◽  
The World ◽  
Free Market Capitalism ◽  
New Perspective ◽  
Fredric Jameson ◽  
Market Capitalism

This chapter reads Lydie Salvayre's Portrait de l’écrivain en animal domestique (2007). In this novel, Salvayre’s anxieties about allowing oneself—and even herself as author—to be domesticated by the logic of global capitalism are condensed into the pathological relationship between her narrator avatar (who incarnates politically-engaged literature) and the satirical Jim Tobold, the richest man on the planet and ‘uncontested champion of globalization’—a character who, incidentally, bears more than a passing resemblance to Donald Trump. Tobold sees the world at the level of the master, corporate map, from which he can make boardroom decisions in perfect disregard for their harmful, ground-level side effects. This chapter revisits and further explores Bruno Latour on cartographic megalomania, and draws on Fredric Jameson on cognitive mapping, and David Harvey on the self-defeating contradictions of the infinite expansion paradigm of capitalism in a world of increasingly finite resources. Moreover, it develops the Salvaryean notion of the paralipomenon, offering a new perspective on Salvayre’s underlying (engaged) literary strategy, one that, by focusing on the seemingly insignificant details of a hegemonic discourse—such as that of free-market capitalism—reveals its inherent contradictions and flaws.

Giovanni Arrighi in Beijing: An Alternative to Capitalism?

2010 ◽  
Vol 18 (1) ◽  
pp. 74-87 ◽  
Author(s):  
Leo Panitch
Keyword(s):  
Economic Development ◽  
Free Market ◽  
Adam Smith ◽  
Historical Sociology ◽  
Market Society ◽  
World State ◽  
The Us ◽  
Free Market Capitalism ◽  
Chinese Capitalism ◽  
Market Capitalism

AbstractGiovanni Arrighi made a remarkably broad-ranging and original contribution to comparative political economy and historical sociology over five decades. His last book shares these qualities. But Adam Smith in Beijing is unfortunately not mainly about the origins and dynamics of Chinese capitalism over the past three decades. It presents Adam Smith not as the apostle of free-market capitalism, but rather of a ‘non-capitalist market society’; and it uses this to make the case that since China’s economic development takes place outside the European/North American capitalist ‘core’, it must, almost by definition, not be capitalist. Markets are conceived here as the instruments of states, yet the theory of the state advanced is severely undeveloped. Arrighi’s argument that China’s economic development is part and parcel of the demise of the US project for establishing itself as the ‘world state’ misinterprets the nature of the US empire as well as misses the extent of China’s integration with US-led capitalist globalisation.

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